Word: disneyized
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...Disney expects to spend an additional $3 billion to build a convention center, a second golf course and several more hotels with 13,000 rooms. The company also plans a Disney-MGM movie studio and possibly a European science park like Florida's Epcot Center...
...This is Disney's second venture outside the U.S. Eight years ago, Japan's Disneyland opened in the Tokyo suburb of Urayasu; for the fiscal year that ends this month, it should post revenues of more than $1 billion. The Japanese Disneyland was meant to be thoroughly American, though: most signs are in English, and only one of the 30 restaurants serves Japanese food...
...French, injecting at least some European flavor into the enterprise has become a cause celebre. Among the European accommodations, signs will be bilingual, and possibly multilingual, and plenty of French cuisine will accompany American fast food. Disney officials like to point out that one attraction, Discoveryland, is inspired in part by the works of French science-fiction writer Jules Verne. Disney also agreed that only its major attractions, such as Pirates of the Caribbean and Adventureland, will be called by their English name...
...page pact between the French government and the Walt Disney Co. stipulates a 49% ownership stake in Euro Disneyland for the U.S. firm, with the remaining 51% of the shares held by investors. Euro Disneyland shares will be traded on the Paris Bourse. Disney will retain operational control of the facility. As part of the deal, the government is lending Disney $920 million at a remarkably low 7.85% interest rate. Disney has agreed to use European firms for 90% of its goods and services, and will pay for various roads to be built near the complex...
...France, the payoff is plain: as many as 30,000 new jobs will be created by Disney, and tourists will spend millions of francs on French businesses as part of their travels to Euro Disneyland. In the neighborhood of Marne-La- Vallee, 12,000 houses and apartments will be built, along with new schools and stores. The tiny (pop. 925) village of Serris, many of whose resident are elderly or retired, is bracing itself for the arrival of Euro Disneyland nearby. Says Mayor Philippe Mancel: "One realizes it's a lost cause to be against Euro Disneyland. Once Disney starts...